Intro to Business Final Jeopardy!!!! The final is 120 points Mixture of Matching, Mini Matching, and...

Intro to BusinessFinal

Jeopardy!!!!The final is 120 points

Mixture of Matching, Mini Matching, and Short Answer

Unit 1 Unit 2 Unit 3 Unit 1 x2 Hodgepodge

200 200 200 200 200

400 400 400 400 400

600 600 600 600 600

800 800 800 800 800

2000 2000 2000 2000 2000

Right Side of Room Center Left Side of Room

Final Jeopardy

Question: Unit 1200 Points

An economy that is controlled by a central authority is known as

Answer: Unit 1200 Points

What isCommand Economy

Know Market, Traditional, and Mixed

Question: Unit 1400 Points

What happens to price when supply goes

down?

Answer: Unit 1400 Points

What isGoes up

Question: Unit 1600 Points

Define GDP?

Answer: Unit 1600 Points

What isTotal value of all final goods

and services produced in a country during one year

(Gross Domestic Product)

Question: Unit 1800 Points

There are 4 parts of the business cycle, list them

Answer: Unit 1800 Points

What isRecession, Depression,

Recovery, Peak

Question: Unit 12000 Points

What is the difference between a deficit and debt

Answer: Unit 12000 Points

What is Deficit is a budget

shortfallDebt is all money owed

Question: Unit 2200 Points

Someone who takes a risk in starting a

business to earn a profit

Answer: Unit 2200 Points

What is anEntrepreneur

Question: Unit 2400 Points

A business that is owned by two or more individual

Answer: Unit 2400 Points

What is a partnership

Know the other two types of business ownership: Corporation and Sole Proprietor

Question: Unit 2600 Points

What is Michigan’s adult minimum wage?

Answer: Unit 2600 Points

What is$7.40

U.S. Minimum wage is $7.25Which would you be paid if they differ?

The higher of the two

Question: Unit 2800 Points

Name 3 of the 7 groups that are protected from discrimination

Answer: Unit 2800 Points

What is1. Age (over 40)

2. Race3. Sex

Religion4. National Origin

5. Disability7. Pregnancy

Question: Unit 22000 Points

If a boss maintains tight control which leadership style are they

using?

Answer: Unit 22000 Points

What isTactical, Autocratic,

DictatorshipKnow the Others: Strategic or Participative, Delegate or Free Rein

and Mixed or Situational

Question: Unit 3200 Points

Explain the target market for the Ford

Super duty truck

Answer: Unit 3200 Points

What areMales, Middle Aged, Need to move lots of items, Have money

Question: Unit 3400 Points

What is the difference between custom and mass manufacturing

Answer: Unit 3400 Points

What isItems made for an individual

vs. large number of identical products

Question: Unit 3600 Points

Research done without a specific product in mind

with the goal of discovering new

solutions to problems

Answer: Unit 3600 Points

What is Pure Research

Question: Unit 3800 Points

What is the accounting equation

Answer: Unit 3800 Points

What isAssets = Liabilities +

Owners Equity

Question: Unit 32000 Points

What are the three categories shown on the

Income Statement

Answer: Unit 32000 Points

What is Gross Income or Revenue

ExpensesNet Income or Earnings

Question: Unit 1 x2200 Points

Which is the supply curve?A

B

Answer: Unit 1 x2200 Points

What isA

Question: Unit 1 x2400 Points

What is a multinational corporation

Answer: Unit 1 x2400 Points

What is A company that is in many countries

Question: Unit 1 x2600 Points

What are ethics?

Answer: Unit 1 x2600 Points

What is Principles of morality or

rules of conduct

Question: Unit 1 x2800 Points

Define unemployment

rate

Answer: Unit 1 x2800 Points

What isIndividuals over 16 that are actively looking for

work Know other economic indicators: Inflation, balance of trade, balance of

payments, exchange rate, etc.

Question: Unit 1 x22000 Points

Government-set limit on the quantity of a

product that may be imported or exported within a given period

Answer: Unit 1 x22000 Points

What is a Quota

Know other trade terms such as Embargo, Free Trade Agreements, Tariff

Question: Hodgepodge200 Points

Name two benefits you can receive from

employment besides pay

Answer: Hodgepodge200 Points

What is Retirement funds,

insurance, free stuff (car, clothing, phone), etc.

Question: Hodgepodge400 Points

Is pasteurized milk A. Extraction and

CultivationB. Processing

C. Manufacturing

Answer: Hodgepodge400 Points

What isB. Processing

Question: Hodgepodge600 Points

All resources fall into three categoriesA. Capital B. HumanC. Natural

What would a building be considered?

Answer: Hodgepodge600 Points

What is A. Capital

Question: Hodgepodge800 Points

An economy in which goods and services are produced the

way they have always been produced.

Answer: Hodgepodge800 Points

What is a Traditional

Economy

Question: Hodgepodge2000 Points

Separate legal entity formed by documents filed with a

state, it is owned by one or more shareholders and managed by a board of

directors

Answer: Hodgepodge2000 Points

What is a Corporation

Final Jeopardy –Make your Wager

Final Jeopardy Question

List and explain three of the economic

indicators

Final Jeopardy AnswerWhat is

1. Unemployment rate2. Consumer spending / saving

3. Inflation / deflation4. Interest rate

5. Balance of trade / balance of payments

6. Exchange rate